Blair William & Co. IL Lowers Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Key Points

• Blair William & Co. IL reduced its holdings in Philip Morris International by 1.1% in the first quarter, owning 191,409 shares valued at approximately $30.38 million.
• Philip Morris International's latest quarterly earnings report showed a net revenue of $10.14 billion, up 7.1% year-over-year, although it missed analysts' expectations.
• The company announced a dividend of $1.35 per share, equating to a 3.3% yield, with a dividend payout ratio of 102.66%.

Blair William & Co. IL cut its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,409 shares of the company's stock after selling 2,165 shares during the quarter. Blair William & Co. IL's holdings in Philip Morris International were worth $30,382,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Pacifica Partners Inc. grew its position in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Philip Morris International during the first quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Philip Morris International in the first quarter worth about $38,000. Ameriflex Group Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Philip Morris International in the first quarter worth about $46,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $162.96 on Monday. The company has a market capitalization of $253.66 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.37 and a beta of 0.48. Philip Morris International Inc. has a one year low of $113.15 and a one year high of $186.69. The stock has a 50-day moving average price of $177.55 and a 200 day moving average price of $162.20.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PM. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $186.27.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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